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New York +1555225314

Federal Reserve’s monetary policy decision put USD under pressure.
The support rests at 1.13730 with resistance at 1.14070 which both lines are above the weekly pivot point at 1.13390. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards the overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may continue its bullish trend towards 1.145.

eurusd
Source: fxglory

0

ANZ Business Confidence has been released in New Zealand and the US will publish Housing Starts and Building Permits.
The support rests at 0.68440 with resistance at 0.68870 which both lines are above the weekly pivot point at 0.68300. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.69.

nzdusd
Source: fxglory

0

While Japan is not releasing any economic data, the US is publishing Housing Starts, and Building Permits.
The support rests at 112.340 with resistance at 112.720 which both lines are below the weekly pivot point at 113.110. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may decline within Andrews’ Pitchfork towards the previous low at 112.2 but then buyers can return to the market.

usdjpy
Source: fxglory

0

EUR was empowered by the Falling Italy-Germany yield differential and today there will be German IFO business climate and the US building permits data.
The support rests at 1.13280 with resistance at 1.13570 which the weekly pivot point at 1.13390 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.

Long positions are recommended towards 61.8 level of Fibonacci at 1.1375.

eurusd
Source: fxglory

0

Australia has published Mid-Year Economic and Fiscal Outlook and the US will release NAHB Housing Market Index and Foreign Bond Investment.
The support rests at 0.71550 with resistance at 0.71860 which both lines are below the weekly pivot point at 0.71910. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing weak sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The resistance level breakout may make the price grow towards 0.721; otherwise, AUDUSD may fall towards 0.7131.

audusd
Source: fxglory

3

GBP has been acting weak against USD due to Brexit talks and UK’s Rightmove house price index data.
The support rests at 1.25720 with resistance at 1.2601 which both lines are below the weekly pivot point at 1.26080. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.

The support level breakthrough will push the pair down towards the lower Bollinger band at 1.2517; otherwise, GBPUSD may grow towards the upper band at 1.2685.

gbpusd
Source: fxglory

0

The weak private sector data from Germany and France is weighing on EUR also USD is under pressure due to new orders and employment data.
The support rests at 1.12980 with resistance at 1.13270 which both lines are below the weekly pivot point at 1.13390. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below the 50 level and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD may grow towards 61.8 level of Fibonacci at 1.1375.

eurusd
Source: fxglory

0

New Motor Vehicle Sales will be published in Canada and the US will release Retail Sales MoM and Markit Services PMI Flash.
The pair is finding support at 1.33570 with resistance at 1.34070 which both lines are above the weekly pivot point at 1.33090. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.344.

usdcad
Source: fxglory

0

Japan released the Revised Industrial Production m/m, Flash Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will publish Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m and Core Retail Sales m/m.
The support rests at 113.340 with resistance at 113.580 which both lines are above the weekly pivot point at 112.920. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.

USDJPY may continue its bullish trend towards 113.7.

usdjpy
Source: fxglory

0

EUR has been moving quietly after the ECB press conference and today US industrial production for November and the preliminary Markit PMIs for December will influence EURUSD.
The support rests at 1.13460 with resistance at 1.13690 which both lines are below the weekly pivot point at 1.13780. The EMA of 10 is moving with bearish in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough can push the pair down towards the previous low at 1.126.

eurusd
Source: fxglory

0

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